SBF: Once refused to provide emergency funds to DCG and Celsius
ChainCatcher news, according to CoinDesk, SBF stated during his testimony on Friday that DCG CEO Barry Silbert requested equity capital for DCG's Genesis subsidiary during last year's downturn in the crypto market. The collapse of the cryptocurrency hedge fund Three Arrows Capital last year dealt a heavy blow to Genesis, resulting in significant losses.
Meanwhile, the cryptocurrency exchange and lending institution Celsius also hoped that SBF could provide it with emergency funding, but SBF declined this request.
Currently, both DCG and Celsius have not commented on the statement.
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